Elon Musk started his ownership of Twitter by dismissing the company’s CEO Parag Agrawal, CFO Ned Segal, and head of legal affairs and policy Vijaya Gadde.The influential social media platform’s new owner, Elon Musk, fired top executives he had accused of deceiving him and offered no detail on how he would carry out the ambitious goals he has set for it.Tesla’s CEO has stated that, while limiting censorship, he also wants to “fight” spam bots on Twitter, make the algorithms that decide how information is exposed to users public, and stop the social media site from turning into an echo chamber for hate and division.
Elon Musk Fires Top Twitter Executives is It Good Or Bad ?
However, Mr. Musk has not provided specifics on how he intends to do all of this or who will lead the company. He has stated that he intends to make employment cuts, which has caused the 7,500 or so employees of Twitter to worry about their future. On Thursday, he added that he bought Twitter “to attempt to benefit humanity, whom I love,” rather than in order to increase his financial gain.
According to persons familiar with the situation, Mr. Musk fired Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde. He had claimed that they had misled him and Twitter’s investors over the prevalence of phoney accounts on the social media site.
Dramatic takeoveris It Good Or Bad ?
The $44 billion acquisition marks the conclusion of a spectacular story with many unexpected turns, raising questions about whether Mr. Musk would actually close the sale. It all started on April 4, when Mr. Musk revealed that he was the San Francisco company’s top stakeholder with a 9.2% stake.
The richest man in the world then agreed to join Twitter’s board, but changed his mind at the last minute and proposed to buy the firm instead for $54.20 per share. Twitter wasn’t sure whether to take this as another of Musk’s references to marijuana or not.
Later in April, the two parties came to an agreement at the sum Mr. Musk requested after realising that his offer was genuine. It didn’t take Musk to carry this out.
Elon Musk Fires Top Twitter Executives Is True
The sources further stated that Mr. Agrawal and Mr. Segal were removed out of Twitter’s San Francisco offices where they were present when the agreement was finalised.